Cowen and Company reissued their buy rating on shares of Timken Steel Corporation (NYSE:TMST) in a research report report published on Friday.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Timken Steel Corporation from a hold rating to a buy rating and set a $18.00 price objective for the company in a research note on Tuesday, July 18th. TheStreet cut shares of Timken Steel Corporation from a c- rating to a d+ rating in a research note on Tuesday, June 6th. BidaskClub upgraded shares of Timken Steel Corporation from a hold rating to a buy rating in a research note on Sunday, July 16th. Finally, ValuEngine upgraded shares of Timken Steel Corporation from a strong sell rating to a sell rating in a research note on Friday, May 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Timken Steel Corporation has a consensus rating of Hold and a consensus target price of $18.83.

Shares of Timken Steel Corporation (NYSE:TMST) traded up 2.36% during mid-day trading on Friday, reaching $15.18. 306,919 shares of the company’s stock were exchanged. Timken Steel Corporation has a one year low of $8.36 and a one year high of $23.00. The company’s 50-day moving average price is $15.49 and its 200-day moving average price is $16.07. The company’s market capitalization is $674.36 million.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Arizona State Retirement System lifted its stake in shares of Timken Steel Corporation by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 20,400 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System increased its holdings in Timken Steel Corporation by 1.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 15,900 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 300 shares in the last quarter. Nationwide Fund Advisors increased its holdings in Timken Steel Corporation by 0.9% in the 1st quarter. Nationwide Fund Advisors now owns 33,447 shares of the basic materials company’s stock worth $632,000 after acquiring an additional 310 shares in the last quarter. Texas Permanent School Fund increased its holdings in Timken Steel Corporation by 1.2% in the 2nd quarter. Texas Permanent School Fund now owns 28,510 shares of the basic materials company’s stock worth $438,000 after acquiring an additional 335 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Timken Steel Corporation by 3.8% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 9,230 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 340 shares in the last quarter. Hedge funds and other institutional investors own 75.61% of the company’s stock.

Timken Steel Corporation Company Profile

TimkenSteel Corporation manufactures alloy steel, as well as carbon and micro-alloy steel. The Company’s portfolio includes special bar quality (SBQ) bars, seamless mechanical tubing and precision steel components. In addition, the Company supplies machining and thermal treatment services, as well as manage raw material recycling programs, which are used as a feeder system for its melt operations.

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